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by a scandal obsessed washington, which said the following -- the budget deficit will shrink this year to $642 billion, the smallest shortfall since 2008. deficits in cbo's baseline projections continue to shrink falling to 2.1% of gdp by 2015. in english, the deficit is shrinking at a near record breaking rate. now, you would think once it came to light that the deficit is shrinking at such a rapid rate that we hit the vaunted goals even set out by our wise masters, simpson and bowles, that people in washington who have endlessly obsessed over the deficit since the take party insurrection would take notice. the party that have said things like in the past three years. >> the president and his leaders in the senate are refusing to address this debt crisis. >> the important thing is that we have action and reduce these deficits. >> what i know is spending is out of control. >> tremendous deficits. >> debts out of control. >> does not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to ta
they were focused on was imposing austerity, right? bringing the budget deficit down, that's the thing they keep talking about. >> yeah. >> and it strikes me they have been remarkably successful in doing that. when you look at the debt ceiling debacle that led to the budget control act which has led to the sequester that actually -- >> oh, thank you for this question. it's so far off the course. first of all, the actions taken by president obama and the house democratic congress, house and senate when he became president was the american recovery and reinvestment act, many of the initiatives that he passed are what are coming to bear now including the affordable care act. affordable care act is bringing the cost of health care in our country down in both the public and private sector and that is what is largely responsible for the deficit coming down. we all care about frugality. we don't want to spend any money we don't have to. but we do want to invest in the education of our children, the safety of our neighborhoods and the rest and even if you don't, you have to remember that teach
in principle on an immigration reform framework. and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans. put it i
Search Results 0 to 2 of about 3

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